CBOPHB presents three recommendations
June 4, 2016 / By Kathleen Rubino
The Rev. Stephen Deckard, the chair of the Conference Board of Pension and Health Benefits (CBOPHB), and Vicki Putney, Conference Director of Human Resources and Benefits, presented the CBOPHB Report.
Rev. Deckard and Putney started by thanking members of the board and the Benefits and Administrative Services Ministry Area, with a special thanks to Linda Houmiel, Conference Clergy Care Assistant, who will retire this year.
Rev. Deckard then presented the report, complete with three recommendations.
The first recommendation, which will set the 2017 Past Service Annuity Rate for Pension payments to retired Clergy with Pre‐1982 service at $625 per qualified service year, which is an increase of two percent over 2016, was supported.
The second recommendation, which comes before the Conference each year as required by the IRS and The General Church, was the Housing/Rental Allowance Resolution. This resolution allows retired and disabled clergy to claim their church pension or disability income as a housing exclusion. This resolution was supported.
The final recommendation involved a change in the Clergy Retirement Security Program (CRSP) eligibility to include only those appointed 75 percent or more to local churches and Conference staff positions. In addition, the Board recommended the Conference adopt the United Methodist Personal Investment Plan (UMPIP) for church contributions of 9 percent of compensation for clergy appointed from 50 percent to 74 percent. There were some questions regarding the resolution, but it was ultimately supported.
The CBOPHB report was received.